I can remember only one other time when market factors lined up as favorably for gold as they do now and that was in the spring of 2008. There are a great many similarities to gold market dynamics between now and then, but there are also great differences. One of those differences is the huge influx of interest from institutional investors led by hedge funds and big banks. In 2008, institutiona... read more
Today a famed short seller said gold is breaking out and may be ready for another surge as indications of chaos appear.
– Overnight equity markets were pretty uneventful, though our stock market wasted no time surrendering most of yesterday’s gains in a little less than 90 minutes, which I found interesting. Of course, any weakness I find interesting because I think that is the next... read more
With the U.S. dollar near the lowest level in 6 months, today John Hathaway told King World News a panic into physical gold will cause the price of gold to skyrocket.
John Hathaway: “The war in the gold market is fascinating but it’s the war on cash and the central banks’ policy of zero interest rates that really has my attention. That’s what’s really driving money into gold... read more
Gold books a gain as dollar tumbles versus yen
Gold prices finished sharply higher Thursday, coinciding with a meltdown for the U.S. dollar against the yen, and fresh signals that the Federal Reserve is taking a cautious approach to future interest-rate hikes.
June gold GCM6, +1.52% closed up $13.70, or 1.1%, to $1,237.50 an ounce, after closing on Wednesday down $5.80, or 0.5%, to $... read more
With the U.S. dollar at the lowest level in 6 months, today the top trends forecaster in the world spoke with King World News about what is going to shock the world.
Gerald Celente: “The IMF Chair, Christine Lagarde, said a few days ago that China fears are spreading globally. She is also warning that it could have a very dramatic effect on world equity markets…
Gerald Celente con... read more
Today a famed short seller said investors will be buying gold at a remarkably higher price.
– Overnight markets were essentially flat, but that didn’t stop the SPOOs from rallying about 0.4%, then declining a touch less than that. Following that bit of what I would call “stock market roulette,” the weakness gave way to a modest rally through midday. What I mean by “roulette” i... read more
ICBC Standard Bank, China and the world’s largest bank, has been reclassified as a spot Market Making Member of the London Bullion Market Association (LBMA) with effect from today according to a note posted on the LBMA website last night at 2100 GMT.
“In order to qualify as a LBMA Market Maker, a company must offer two-way quotations in both gold and silver to the other Market Maker... read more
We live in a world of sin and sorrow, infected by a fraudulent democracy, Facebook, and a corrupt money system.
Wheezing, weak, and weary from the exertion of trying to appear ‘normal,’ the US economy staggers on.
Last week, we gained some insight into the ailment. Something in the diagnosis has puzzled us for years: how is it possible for the most advanced economy in the history of... read more
With gold and silver surging along with bonds and stocks trading a bit weaker, today King World News wanted to take a look at the big picture in the war in the gold and silver markets. There is also a note from Art Cashin that is included below.
Even with today’s rally in gold taking the price near $1,230, remarkably there are now actually 1% fewer bulls in the gold market than there we... read more
